The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.
Location & Listing Info:
Neighbourhood:
Lamont
Zone:
Lamont
Property Info:
Property Type:
Business with Property
Year Built:
2007
Financial & Possession:
Additional Info:
Legal Description:
5079/5075
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Contact Tim Baker - 780-318-2253
9909-103 Street, Fort Saskatchewan, Alberta, T8L 2C8
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Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated September 28, 2022, 11:32 pm.
RE/MAX Real Estate (Fort Saskatchewan Branch)
9909-103 Street,
Fort Saskatchewan,
Alberta
T8L 2C8
Tel:
780-998-2295
Fax:
780-998-0344
Email:Click Here
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